Danish Multi-Asset broker Saxo Bank released today key metrics for the month of June 2015. The figures show a comeback for trading volumes after figures have been on a downward movement for the previous two months.
The total monthly trading volume for Saxo Bank reached $241 billion in June 2015, up 10% from May’s figure of $219 billion. On a year-to-year comparison Saxo Bank's volume numbers look positive as well, up 5.7% from $228 billion in June 2014.
The daily average trading volume in June 2015 was $11 billion, slightly better than the previous month and getting closer to $11.4 billion ADV Saxo Bank experienced in March 2015. The YoY comparison of the ADV figure show minor improvement over June 2014’s $10.8 billion.
Not all metrics were improving for Saxo Bank in June. After going up the previous two months, the clients’ collateral deposits for trading went ever so slight down to $11.41 billion. The figure seems to have peaked at $11.46 billion in May 2015, the highest such figure ever, passing November 2014’s record of $11.37 billion.
During June Saxo Bank launched its new proprietary platform, SaxoTraderGO, to its traders worldwide. It will be interesting to see if the broker's volumes will show any significant change in the coming months now that it distanced itself from the popular MT4 platform.
